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In 2005 the United Nations Member States reiterated that sustainable development was a key element of the overarching framework for United Nations activities. This book highlights key challenges for developing countries and how effectively and with what sort of policies different countries have responded to them. The volume examines industrial development as central to the process of structural transformation which characterizes economic development. It points to new challenges and opportunities facing today's industrialisers as a result of globalization, technological change and new international trade rules. It also discusses social and environmental aspects of industrial development.